Soluna Holdings, Inc. has launched a public offering worth $5 million aimed at supporting projects related to green data centers.
Public Offering Details
The offering includes 9,090,909 shares of common stock, as well as pre-funded warrants and Series A and Series B warrants to purchase the same number of shares. The combined public offering price is set at $0.55 per share or for pre-funded warrants, which can be exercised immediately upon issuance.
Use of Proceeds
The proceeds from this capital raise will support working capital, project-level equity, and general corporate needs. Soluna Holdings focuses on leveraging surplus renewable energy by designing and operating digital infrastructure adjacent to wind, solar, and hydroelectric power plants.
Current Initiatives and Future Plans
In April 2025, the company announced 'Project Ellen', a new wind-powered data center in Texas designed to support both Bitcoin mining and AI operations. This initiative aligns with Soluna’s broader strategy to utilize renewable energy sources.
The announcement of the public offering marks an important step for Soluna Holdings in expanding its projects related to renewable energy and high-performance computing in cryptocurrency and artificial intelligence.
